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Digitize

  • Updated: 2022/04/04
    • Automation 360 v.x
    • IQ Bot
    • Digitize

Digitize

IQ Bot is a web-based intelligent document processing solution that extracts semi-structured data from documents such as invoices, purchase orders, and receipts, and converts it into structured data, which can be used by Robotic Process Automation (RPA) bots for automation of business processes.

Overview

Typically, RPA bots can automate only those tasks that involve processing structured data. As a result, about 80% of a business's data remains inaccessible to RPA bots as "dark data." This dark data is made accessible to RPA bots by cognitive automation, which combines the technologies of IQ Bot and RPA. With cognitive automation, IQ Bot extracts semi-structured and unstructured data and converts it into structured data, and RPA bots subsequently use this structured data for automating business processes.

Dark data in an organization is 80% hidden and consists of semi-structured data, for example, invoices, contracts, and purchase orders, and unstructured data, for example, email, images, and voice.

IQ Bot is offered in two varieties:

Automation 360 IQ Bot

Automation 360 IQ Bot offers you a wide range of tools to customize and optimize document processing, including the following:
  • Packages to create models for classifying documents by category and to enhance the quality of documents or images for better extraction
  • Standard form models for extracting data from documents that have minimal or no variation in their layout
  • Support for Optical Character Recognition (OCR) engines to improve the accuracy of the extracted data

Automation 360 IQ Bot

IQ Bot Extraction360 (Preview)

IQ Bot Extraction360 (Preview) is a web-based, cloud-native intelligent document processing solution that business users can set up to automatically read and process documents quickly. This version is offered to a select group of early adopters from the following Automation 360 Cloud regions: Canada, EU West 4, and US Central.

IQ Bot Extraction360 (Preview)

Community Edition

IQ Bot is a web-based, cloud-native intelligent document processing solution that business users can set up to automatically read and process a variety of complex documents quickly. This version has limited features and is offered to users as a free Community Edition version.

IQ Bot Community Edition

Watch the following video to learn more about IQ Bot:

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